Company / Operating Income
Southwest Airlines Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$428.0M
FY2025
5-year range
$224.0M / $3.0B
FY2021-FY2025
Trend
+33.3%
vs FY2024
Sector context
#117 of 328
Industrials
What the data says
At $428M, Southwest Airlines's operating income ranks #117 of 328 in the Industrials sector. Operating Income has fluctuated over the past 10 years, ranging from $224M in FY2023 to $3.5B in FY2018.
Based on SEC 10-K filings.
$428M in FY2025 with a 5-year CAGR of -33.2%.
Improved from $224M to $428M over the past 2 years.
Industrials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -25.1%
- 5-Year CAGR
- -33.2%
- 10-Year CAGR
- -
Sector benchmark
#117 of 328 in IndustrialsTop 36% of 328This company $428.0M Sector average $717.8M
▼
-40.4% below sector average
Key checks
Key Insights
- 5-year CAGR of -33.2%, indicating a declining trend.
- In FY2025, operating income increased 33.3% year-over-year.
- Ranks #117 out of 328 companies in the Industrials sector.
- Peak operating income was recorded in FY2018.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $428.0M | +33.3% |
| FY2024 | $321.0M | +43.3% |
| FY2023 | $224.0M | -78.0% |
| FY2022 | $1.0B | -65.6% |
| FY2021 | $3.0B | -7.8% |
| FY2020 | $3.2B | -5.9% |
| FY2019 | $3.4B | -3.3% |
| FY2018 | $3.5B | +3.4% |
| FY2017 | $3.4B | -3.3% |
| FY2016 | $3.5B | -14.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026